According to a new report, published by KBV research, The Global USB Cable Market size is expected to reach $68.4 billion by 2031, rising at a market growth of 17.3% CAGR during the forecast period.
The Type A segment is showcasing a CAGR of 16.7 % during the forecast period. USB Type A connectors are widely recognized and have been a staple in the industry for decades. Due to their extensive compatibility with a variety of devices, such as computers, printers, external storage drives, and gaming consoles, they have been widely adopted.
The USB 3.x segment generated the highest revenue in the Global USB Cable Market by Functionality in 2023; thereby, achieving a market value of $27 billion by 2031. USB 3.x technology offers significantly faster data transfer rates than earlier USB versions, including USB 3.0, USB 3.1, and USB 3.2.
The USB Data Cable segment is registering a CAGR of 16.8 % during the forecast period. USB data cables are integral for connecting various devices to facilitate data transfer and communication. These cables are widely used to connect smartphones, computers, external hard drives, cameras, printers, and many other peripherals, enabling efficient and reliable data exchange.
The IT & Telecommunication segment led the Global USB Cable Market by Industry in 2023; thereby, achieving a market value of $22.4 billion by 2031. This segment encompasses various applications, from data centers and networking equipment to consumer electronics and office peripherals. The IT & telecommunication industry relies heavily on USB cables for data transfer, device connectivity, and power delivery.
The Computer segment is growing at a CAGR of 15.5 % during the forecast period. Computers, including desktops, laptops, and peripherals, have been fundamental drivers of the USB cable market since technology’s inception. USB cables are indispensable for connecting various devices, such as keyboards, mice, external storage drives, and monitors, enabling seamless data transfer and power supply.
Full Report: https://www.kbvresearch.com/usb-cable-market/
The North America region dominated the Global USB Cable Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $22.6 billion by 2031. The Europe region is anticipated to grow at a CAGR of 17.1% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 18.1% during (2024 - 2031).
By Type
By Functionality
By Product Type
By Industry
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